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Best ways to register a sole proprietorship in India

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Starting a sole proprietorship business in India is fairly an easy affair. Sole Proprietorship is a “Single-Person Establishment” and is the most simple form of an entity with minimal compliance procedures. This type of business can be incorporated in fifteen days. Generally, the registration for a sole proprietorship is completely optional and it does not require any formal registration as such but to get tax benefits, people do register their firm as a sole proprietorship. Ways of registering a sole proprietorship Before going for sole proprietorship registration, you need to take care of some basic things. Firstly, you have to decide on a suitable business name and choose a suitable location as the designated place of doing your business. After this, Generating a current account is considered to be the groundwork for starting this business. A current account ensures safe payments in the proprietorship’s name. Let’s now understand how an individual can register for a sole proprie

Advantage of Sole Proprietorship

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About Sole Proprietorship:  A  sole proprietorship  is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business. The  sole proprietorship  is the “One Man Business Entity”. It is owned, controlled and managed by a single person called the proprietor. The proprietor owns the business in his name under his PAN number. He is personally liable for his debts. The  sole proprietorship  and proprietor are the same thing. Advantage of Sole Proprietorship The Proprietor will be legally recognized as a Supplier of Goods & Services The proprietor can claim the Input tax credit (tax paid on the purchase of goods & services) The proprietor can pass on the credit of the taxes paid on the supply of the goods & services to the purchaser. He can make Interstate sales without restrictions. The proprietor can have a competitive advantage in comparison to other businesses. Small businesses ( having a turno

Online GST Registration

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Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities to collect tax on behalf of the government and avail Input tax credit for the taxes on his inward supplies. Quick & Easy 100% Accuracy Get Expert Advice Complete services under one roof GST REGISTRATION Online GST Registration  is the process of obtaining a unique  i dentification number by a supplier from the tax authorities; it is for the identification of the taxpayer. Every supplier/business with a turnover of Rs 40 lakhs or more (Rs 10 lakhs for special category states) needs to be registered under GST. The supplier shall be allotted a 15-digit GSTIN (GST identification number) and a certificate of registration by the GST department.  SUPER CA  helps you to get your  GST REGISTRATION  done within 4–6 working days at the lowest prices. Let us make it easy for you. WHO SHOULD REGISTER UNDER GST? TURNOVER LIMIT (SEC 22) Businesses engaged in the supply of goo

What is Sole proprietorship? What are its benefits over other types of companies?

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Company Registration  is a paramount step for any business organization to protect & secure business rights. There is various forms/constitution of businesses available that one can register with. But among all Sole Proprietorship is a popular type of unregistered business institution owned, managed, and operated by a single person. The sole proprietorship is the “One Man Business Entity”. All the investments for the Sole Proprietorship business are done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business, as well as its management, is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among micro and small businessmen, traders or merchants. The majority of the unorganized sectors prefer r